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Upturn AI SWOT - About
VanEck Fallen Angel High Yield Bond ETF (ANGL)
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Upturn Advisory Summary
04/01/2025: ANGL (2-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
AI Based Fundamental Rating
Moderate Performance
These Stocks/ETFs, based on Upturn Advisory, typically align with the market average, offering steady but unremarkable returns.
Analysis of Past Performance
Type ETF | Historic Profit 5.67% | Avg. Invested days 52 | Today’s Advisory WEAK BUY |
Upturn Star Rating | Upturn Advisory Performance  3.0 | ETF Returns Performance  2.0 |
| Profits based on simulation | Last Close 04/01/2025 |
Key Highlights
Volume (30-day avg) 1115554 | Beta 0.91 | 52 Weeks Range 25.60 - 29.08 | Updated Date 04/2/2025 |
52 Weeks Range 25.60 - 29.08 | Updated Date 04/2/2025 |
Upturn AI SWOT
VanEck Fallen Angel High Yield Bond ETF
ETF Overview
Overview
VanEck Fallen Angel High Yield Bond ETF (ANGL) seeks to replicate, before fees and expenses, the ICE BofA US Fallen Angel High Yield Index. The fund invests in U.S. dollar-denominated high yield corporate bonds that were previously rated investment grade. Its strategy focuses on bonds that have been downgraded, or 'fallen angels'.
Reputation and Reliability
VanEck is a well-established ETF provider with a solid reputation for delivering innovative investment solutions and managing assets effectively.
Management Expertise
VanEck has a team of experienced investment professionals specializing in fixed-income and ETF management.
Investment Objective
Goal
The investment goal of ANGL is to replicate as closely as possible, before fees and expenses, the price and yield performance of the ICE BofA US Fallen Angel High Yield Index.
Investment Approach and Strategy
Strategy: ANGL tracks the ICE BofA US Fallen Angel High Yield Index, which consists of U.S. dollar-denominated corporate bonds that were rated investment grade at the time of issuance but subsequently downgraded to high yield (below investment grade).
Composition The ETF holds high-yield corporate bonds ('fallen angels') denominated in U.S. dollars.
Market Position
Market Share: ANGL holds a significant portion of the market share within the fallen angel high yield bond ETF category.
Total Net Assets (AUM): 2150000000
Competitors
Key Competitors
- iShares Fallen Angels USD Bond ETF (FALN)
Competitive Landscape
ANGL is a leading fund in the fallen angel high yield bond ETF space. It has first-mover advantage and a larger AUM, offering better liquidity. FALN provides a similar investment strategy but smaller fund size and less liquidity. ANGL's expense ratio is 0.35% and FALN's expense ratio is 0.25%.
Financial Performance
Historical Performance: Historical performance data requires specific time-series analysis and is not included here. This information is readily available from financial data providers.
Benchmark Comparison: Comparison to the ICE BofA US Fallen Angel High Yield Index shows generally close tracking, with some deviations due to fees and fund management.
Expense Ratio: 0.35
Liquidity
Average Trading Volume
ANGL exhibits good liquidity, characterized by a high average trading volume.
Bid-Ask Spread
The bid-ask spread for ANGL is generally tight, indicating ease of trading and lower transaction costs.
Market Dynamics
Market Environment Factors
Economic conditions, credit spreads, interest rate movements, and the overall health of the corporate bond market influence the performance of ANGL.
Growth Trajectory
Growth is influenced by the number of companies downgraded to high yield status and overall investor appetite for high-yield bonds.
Moat and Competitive Advantages
Competitive Edge
ANGL's competitive advantage lies in its focus on fallen angel bonds, which often offer higher yields than other high-yield bonds due to market inefficiencies created during the downgrade process. This niche focus allows it to potentially outperform broad high-yield bond ETFs. Its first-mover advantage and significant AUM further solidify its position. The fund's efficient tracking of the underlying index contributes to its appeal.
Risk Analysis
Volatility
ANGL's volatility is typical of high-yield bond funds, influenced by credit risk and interest rate sensitivity.
Market Risk
Market risk includes the risk of rising interest rates (which can negatively impact bond prices), credit risk (the risk of default by bond issuers), and liquidity risk (the risk of difficulty in selling bonds).
Investor Profile
Ideal Investor Profile
The ideal investor for ANGL is one seeking high-yield income and diversification within their fixed-income portfolio, who understands the risks associated with high-yield bonds and fallen angels.
Market Risk
ANGL is suitable for long-term investors looking for income, though not necessarily for risk-averse investors or those with very short time horizons.
Summary
VanEck Fallen Angel High Yield Bond ETF (ANGL) provides exposure to U.S. dollar-denominated high yield corporate bonds that were previously rated investment grade. The ETF's strategy focuses on bonds that have been downgraded and is designed to closely track the ICE BofA US Fallen Angel High Yield Index. ANGL provides a yield premium over investment grade bonds but also comes with higher risks. It is suitable for long-term investors seeking income and diversification within their fixed income portfolio and understanding the risks associated with high-yield bonds.
Similar Companies
FALN
iShares Fallen Angels USD Bond ETF
FALN
iShares Fallen Angels USD Bond ETF
HYG
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
iShares iBoxx $ High Yield Corporate Bond ETF
JNK
SPDR® Bloomberg High Yield Bond ETF
JNK
SPDR® Bloomberg High Yield Bond ETF
Sources and Disclaimers
Data Sources:
- VanEck
- ICE Data Indices, LLC
- Morningstar
- Bloomberg
Disclaimers:
This data is for informational purposes only and should not be considered investment advice. Investors should conduct their own research and consult with a financial advisor before making any investment decisions. Market data is subject to change.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About VanEck Fallen Angel High Yield Bond ETF
Exchange NASDAQ | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
The fund normally invests at least 80% of its total assets in securities that comprise the fund's benchmark index. The index is comprised of below investment grade corporate bonds denominated in U.S. dollars that were rated investment grade at the time of issuance.
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